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Updated: 4 years 21 weeks ago
PRESS DIGEST-New York Times business news - June 18
The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
Norway's salmon exports to China fell amid virus outbreak
Norwegian salmon exports to China
fell by a third last week to 240 tonnes, Norway's state-owned
seafood marketing organisation said on Thursday.
Categories: Business News
UPDATE 1-Credit Suisse, UBS favourably placed to handle COVID-19 impact - SNB
Economic and financial
conditions for the Swiss banking sector have deteriorated
markedly due to the COVID-19 pandemic, the Swiss National Bank
said on Thursday, but big banks UBS and Credit Suisse
are favourably placed to manage challenges.
Categories: Business News
CORRECTED-Alibaba's Ant Group appoints new chief technology officer
Alibaba Group's
fintech arm Ant Group, operator of Alipay, has appointed Ni
Xingjun as its new chief technology officer, the company said in
a statement to Reuters.
Categories: Business News
FOCUS-Air maintenance firms, manufacturers plan for $60 billion in lost sales
Maintenance firms and spare parts
producers who keep airplanes running are bracing for a decline
of up to 75% in sales this year - and more pain to follow - as
airlines park or retire thousands of aircraft due to the
coronavirus pandemic.
Categories: Business News
PRESS DIGEST- Wall Street Journal - June 18
The following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
Categories: Business News
Credit Suisse, UBS favourably placed to handle COVID-19 impact - SNB
Economic and financial
conditions for the Swiss banking sector have deteriorated
markedly as the COVID-19 pandemic roiled markets and halted
economic activity, the Swiss National Bank said on Thursday, but
big banks UBS and Credit Suisse are favourably
placed to manage challenges.
Categories: Business News
UPDATE 1-Pandemic to nearly wipe out growth in developing Asia in 2020 -ADB
Developing Asia will likely
clock up its weakest growth in nearly six decades this year, the
Asian Development Bank (ADB) said on Thursday, as measures to
contain the contagious novel coronavirus hammer economic
activity.
Developing Asia
Categories: Business News
REFILE-UPDATE 1-China's COVID-19 vaccine candidate shows promise in human trials, CNBG says
China National Biotec
Group (CNBG) said on Tuesday its experimental coronavirus
vaccine has triggered antibodies in clinical trials and the
company plans late-stage human trials in foreign countries.
Categories: Business News
Japanese stocks fall on worries over fresh coronavirus cases
Japanese stocks fell on Thursday,
as a spike in coronavirus infections across the United States
and China raised doubts about a swift recovery in the global
economy.
Categories: Business News
China will not adopt "flood-like" stimulus nor negative rates - banking regulator
China will not adopt
"flood-like" stimulus nor negative rates, Guo Shuqing, chairman
of the banking and insurance regulator, said on Thursday at a
financial forum in Shanghai.
Categories: Business News
Morning News Call - India, June 18
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FACTORS TO WATCH
11:00 am: Prime Minister Narendra Modi to address the launch of ‘Auction of
Coal Mines for Commercial Mining’ in New Delhi.
11:00 am: ASSOCHAM’s webinar on “Impact of COVID o
Categories: Business News
UPDATE 2-Australian regulator says Google's $2.1 bln Fitbit deal could harm competition
Australia's antitrust
regulator warned Google's planned $2.1 billion acquisition of
fitness tracker maker Fitbit may give it too much of
people's data, potentially hurting competition in health and
online advertising markets.
Categories: Business News
UPDATE 1-Glass Lewis joins ISS in opposing Tesla chairwoman's re-election to board
Glass Lewis said on Thursday that it
urged Tesla Inc investors to vote against re-electing
Chairwoman Robyn Denholm to the company's board, making it the
second proxy advisory firm to oppose her appointment.
Categories: Business News
Last A380 convoy in French village spells end of an aviation era
The last convoy of
outsize parts for the world's largest airliner crawled towards
an assembly plant in southwest France late Wednesday, applauded
by residents and production workers as Europe's Airbus prepares
to build the last A380 superjumbo.
Categories: Business News
ADB sees developing Asia barely growing in 2020 due to pandemic
The Asian Development Bank (ADB)
on Thursday slashed its growth forecast for developing Asia this
year to 0.1% from 2.2% to reflect the impact of the lockdowns on
economic activity due to the coronavirus pandemic.
Categories: Business News
UPDATE 1-Google, Fitbit deal may hamper competition -Australian regulator
Australia's consumer watchdog said on
Thursday it had concerns that Alphabet Inc-owned
Google's planned $2.1 billion acquisition of fitness tracker
company Fitbit may hinder competition in digital
advertising and health markets.
Categories: Business News